Sealed Air Has the Total Package

Shares of the packaging firm, perhaps best known for Bubble Wrap, could rise 25% or more in the next 12 months.

Sealed Air, the packaging firm perhaps best known for Bubble Wrap, last summer entered a new business, when it acquired cleaning products supplier, Diversey for $4.3 billion.

For years, the firm's core business of providing packaging products for meat had been under pressure, as meat consumption has been on the decline. The acquisition of Diversey, the reasoning went, would give the firm a growth business, and allow for plenty of...